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If Trump is elected, he may need to continue working with Gensler.
Jinse Finance reported that former President Donald Trump called himself a pro-cryptocurrency candidate, planning to end the "anti-encryption movement" within one hour of taking office, but his team remains silent on specific policies. Current SEC Chairman Gary Gensler's term lasts until 2026, and Trump cannot immediately remove him from office. The president can only dismiss SEC commissioners for "inefficiency, neglect of duty, or malfeasance." Current President Biden (Joe Biden) has nominated Caroline Crenshaw for reappointment as a SEC commissioner, and the Senate is expected to vote next month. Trump became the first former president to be convicted of a serious crime last month and is facing multiple charges.